Report: RealNetworks Lays Off 70

11/5/09Follow @gthuang

Seattle-based RealNetworks is cutting 4 percent of its worldwide staff today, about 70 out of 1,700 jobs, according to All Things Digital. The report cites the economic downturn and cost-cutting as reasons for the move. Last week, RealNetworks (NASDAQ: RNWK) reported a small profit for the third quarter, the company’s first profitable quarter since the first three months of 2008.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at Follow @gthuang